M&A Deal Summary

Eastman Acquires Industrias del Acetato de Celulosa S.A.

On June 19, 2019, Eastman acquired apparel/textiles company Industrias del Acetato de Celulosa S.A.

Acquisition Highlights
  • This is Eastman’s 1st transaction in the Apparel/Textiles sector.
  • This is Eastman’s 1st transaction in Spain.

M&A Deal Summary

Date 2019-06-19
Target Industrias del Acetato de Celulosa S.A.
Sector Apparel/Textiles
Buyer(s) Eastman
Deal Type Add-on Acquisition

Target

Industrias del Acetato de Celulosa S.A.

Barcelona, Spain
Industrias del Acetato de Celulosa S.A. is a producer of cellulosic yarn. INACSA yarns are made of cellulose, a natural and organic compound. They are recyclable, durable, easy to work with, and breathable. Industrias del Acetato de Celulosa S.A. was founded in 1948 and is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Eastman

Kingsport, Tennessee, United States

Category Company
Founded 1920
Sector Chemicals
Employees14,000
Revenue 9.4B USD (2024)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman's businesses are managed through five segments including Additives & Functional Products, Adhesives & Plasticizers, Advanced Materials, Fibers, and Specialty Fluids & Intermediates. Eastman was fouded in 1920 and is based in Kingsport, Tennessee.


DEAL STATS #
Overall 10 of 12
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 9
Country: Spain M&A 1 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Sasol - Marlotherm Business

Germany

Sasol Ltd. - Marlotherm Business heat-transfer fluids are designed for indirect cooling and heating of production, conversion processes, and energy recovery and ensure dependable operation in the temperature range from -90°C to 360°C.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 3F Feed & Food

Avila, Spain

3F Feed & Food is a company specializing in the technical and commercial development of feed and food products. 3F Feed & Food produces preservatives and acidifiers, liquids and powders dedicated to the hygiene, preservation and safety of feeding stuffs and animal health nutraceuticals. 3F Feed & Food was founded in 2003 and is based in Avila, Spain.

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